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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (57759)	4/25/2022 9:17:38 AM
From: Clam digger	Read Replies (2) \| Respond to of 97805

Looks like the air is coming out of the commodity complex here. Should give the fed a bit of “breathing room”? Maybe we begin to see a bid in the bond market?

To: Lee Lichterman III who wrote (57759)	4/25/2022 9:20:44 AM
From: Sun Tzu	3 Recommendations Recommended By ajtj99 Jacob Snyder Lee Lichterman III Respond to of 97805

It takes a while to figure out what group of people you want as tenants. In the first couple of years I had problems. Those were the learning years. Then I realized that that my market was renting to professionals only. For me, they fall into 2 age groups. Young professionals who still have not saved enough to buy a house, and retired or near retirement professionals who need a smaller place. The latter group is preferred because they will stay longer. We've rented to several bankers, doctors, and engineers. We turned down the single girl with a Columbian boyfriend with tattoos on her neck and arms. In my friendly intro to the neighborhood, I mention to the prospective tenants how great it is that the next door lady has a son in the police force and keeps an eye out on the neighbourhood and that the guy across the street is a specialist in human trafficking. We also have a judge living down the road. <vbg>

To: Lee Lichterman III who wrote (57759)	4/25/2022 9:26:09 AM
From: robert b furman	3 Recommendations Recommended By ajtj99 Lee Lichterman III roto Read Replies (3) \| Respond to of 97805

Good Morning Lee, Yes a bad renter is the nightmare scenario. A modest home in a rural market and you can have an excellent renter for years - that's the perfect scenario. Upgrades on a rental property are usually minimal. You and I rent our land, but we also live there ourselves. That is the ideal situation. I'll look to buy some ag land with out a house and rent it to crop farmers. There is a very competitive market on ag land. Often kept hush hush as farmers do pay more for the better crop land - and DO NOT talk about it. I grew up with them and went to High School with them so that helps get the straight story. If we get a dip in prices, while attacking inflation, I'll add to my ag land holdings - especially if they are close to home, so I can keep an eye on it. Good frugal crop farmers always have the money for the best seed and often buy next years fertilizer the fall before - just to be safe. If the less capitalized farmers, skimp on fertilizer or planting, the well capitalized will knock a homerun this fall. Higher inputs usually = higher prices. Add to that a low planting or poor yield and the good crops will bring rain in price. Farmers get burned at times and they get lucky at times as well. The good ones store each years crop and sell it when they need money and/or prices spike. My best farmer friend sold off his Dairy herd years ago and plants corn and soybeans. He has two blue Harvestor silos (which way back in their day brought 250,000 to build. After selling his herd , he converted them to soy bean storage over the winter. About January he'd get his price, Load up his HD truck and trailer and deliver his crop to the Mercantile in Chicago, at their storage area. He said he was but a handful of crop growers that had the entire vertical business. Always said it with a smile on his face. Still does it. In the 1970's his father was Wisconsin's Dairy Farmer of the year. Dairy farming got too big and required embracing a lot of debt. Some sold the cows and bought tractors some sold the tractors and built barns that house 2000 to 3000 cows all day long every day and milk them 3 times a day. Bob